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Nov 29, 2012
11/12
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it's expected they will talk about the fiscal cliff. there is also a lot of growing speculation there may be a role for romney in the obama administration. >> dozens of new york public schools victimized by looters in the aftermath of super storm sandy. the city reports 30 schools targeted including one in the rockaways and queens where nearly a hundred ipads and i macs were stolen. >> terrible. >> the looting losses rbt covered by insurance. >> clothes as eccentric as her music. yoko ono with a new line from a sketch she drew for her and john lennon's wedding. they were designed to celebrate john lennon's hot bod. tank tops with nipple cutouts, buttless pants which we are not going to show you. really. interesting. >> two words i thought you would never say. buttless pants. >>> president obama has dispatched one of his top money men to cut a deal with lawmakers. we are talking about that coming u. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spe
it's expected they will talk about the fiscal cliff. there is also a lot of growing speculation there may be a role for romney in the obama administration. >> dozens of new york public schools victimized by looters in the aftermath of super storm sandy. the city reports 30 schools targeted including one in the rockaways and queens where nearly a hundred ipads and i macs were stolen. >> terrible. >> the looting losses rbt covered by insurance. >> clothes as eccentric as...
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Nov 29, 2012
11/12
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wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the dollar bill be going the way of the doo-doo. a congressional panel is once again calling for the u.s. to stop printing singles and switch entirely to dollar coins. the nonpartisan panel believes it could save taxpayers money. it's more expensive to produce coins but they last about six times longer than paper bills. and you'll need some extra coins to buy starbucks latest. the coffee king is selling a new brew that will set you back $7 for a grande cup. it's made from a rare been grown in costa rica. if you want to brew a cup at home, a bag of th
wall street got a boost from the fiscal cliff talks. dow added 106 points after being down triple digits earlier in the day. nasdaq gained 23 points. the u.s. economy is growing at a steady pace according to the latest report from the federal reserve. the so-called beige book survey shows a pickup in consumer spending and home sales in october and early november. economic growth improved in nine of the 12 federal reserve districts but superstorm sandy hampered growth in the northeast. could the...
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Nov 29, 2012
11/12
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that formerly sacred and untouchable deduction is on the table for fiscal cliff talks. that costs the government $100 billion a year. you know they're looking at every rock for revenue. it would take buyers away from the house market and it could be devastating to the economy. we have lindsey piegza and dan mitchell, from the cato institute. welcome to you both. lindsey, let me start with you. we shouldn't be surprised everything is on the table here, right? >> sure. but this is a big potential problem. it would no doubt cause prices on homes to fall? liz: to rise? >> i'm sorry. liz: if you took the mortgage deduction it would cause prices to rise. >> we would see prices fall because the demand for homes would teeter. this is big decision whether deciding to rent or purchase. you remove that incentive people will drop out of the marketplace. all of sudden a lot of potential homebuyers would-be homebuyers drop out of the marketplace and cause decline in prices up to 10%. this could really undermine any momentum we've seen in the housing market as of late. liz: that is in
that formerly sacred and untouchable deduction is on the table for fiscal cliff talks. that costs the government $100 billion a year. you know they're looking at every rock for revenue. it would take buyers away from the house market and it could be devastating to the economy. we have lindsey piegza and dan mitchell, from the cato institute. welcome to you both. lindsey, let me start with you. we shouldn't be surprised everything is on the table here, right? >> sure. but this is a big...
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Dec 1, 2012
12/12
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there is new intrigue in the fight over the fiscal cliff talks today. both sides have messages out this morning that seem to echo the same old position. this on the heels of president obama holding a campaign-style event in suburban philadelphia to sell his solution. he said if congress does not extend the bush tax cuts for the middle class, everyone's taxes will go up january 1st. >> i'm assuming that doesn't sound too good to you. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> meanwhile house speaker john boehner says the latest proposal from the white house would cripple the economy. the plan calls for a boost in revenue by $1.6 trillion over the next decade. >> they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean it's, it's -- not a serious proposal. so right now we're almost nowhere. >> >> mike viqueira joins us live from the white house. where is almost nowhere? >> it's inside the beltway and it's business as usual. it's also december 1st, alex, and
there is new intrigue in the fight over the fiscal cliff talks today. both sides have messages out this morning that seem to echo the same old position. this on the heels of president obama holding a campaign-style event in suburban philadelphia to sell his solution. he said if congress does not extend the bush tax cuts for the middle class, everyone's taxes will go up january 1st. >> i'm assuming that doesn't sound too good to you. that's sort of like the lump of coal you get for...
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Dec 31, 2012
12/12
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cliff talk, 24/7 bilogging on to our web site, cbssf.com. >>> checking bay area headlines, the police still searching for the police who mugged a woman and killed her dog. the woman was looking for her cell phone in her car in the tender loin on friday when a man attempted to rob here. then grab her 12-year-old dog and hurled it into traffic. the police are checking for surveillance video. the area and offering a $1,000 reward for information. >>> the police chief, for the past 20 years, leaves his post today. craig stekler spent four decades in law enforcement. he was criticize inside 2005 for ending police response to burglar alarms. steckler will stay on for special assistant to the interim chief for the next few months. >>> 2012 has been a bad year for homicides in the major cities. two days to go oakland is at 130 for a year. 26% increase from 2011. sanfrancisco has 67 so far. it is say one third increase from last year. san jose's 45 is low for a city of almost a million people but it is still 12.5% higher than 2011. >>> well, a deadly tour bus crash in oregon. how the weather c
cliff talk, 24/7 bilogging on to our web site, cbssf.com. >>> checking bay area headlines, the police still searching for the police who mugged a woman and killed her dog. the woman was looking for her cell phone in her car in the tender loin on friday when a man attempted to rob here. then grab her 12-year-old dog and hurled it into traffic. the police are checking for surveillance video. the area and offering a $1,000 reward for information. >>> the police chief, for the...
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Dec 31, 2012
12/12
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you can keep tabs on the fiscal cliff talks. 24/7 by logging on our web site. >>> well it started out as a winter day of fun in the snow and ice. then the unthinkable happened. cbs reporter carter evans on the rescue that prevented tragedy. >> reporter: a rare christmas experience in the mountains above los angeles. fresh snow and ice for people who rarely see it. despite warning signs. >> look at that crack. is that a crack? >> few seemed concerned until -- >> oh! [screaming] >> we saw his arms going. someone said he can not swim. then it turned into panic. >> reporter: michelle and mickey were there with a camera. at first, all they could do was watch in horror as a man, who rushed to help -- oh. >> fell through the ice. then, another. six would-be rescuers in all were now in the icy waters. >> it was hard to watch. it was. we saw that guy go under three times and the third time we did not think he was coming back up. >> call 911. right now. >> the victims, clammerred for intertubed to stay afloat. from the shore, onlookers including the hermans tried toes to a lifeline. after sever
you can keep tabs on the fiscal cliff talks. 24/7 by logging on our web site. >>> well it started out as a winter day of fun in the snow and ice. then the unthinkable happened. cbs reporter carter evans on the rescue that prevented tragedy. >> reporter: a rare christmas experience in the mountains above los angeles. fresh snow and ice for people who rarely see it. despite warning signs. >> look at that crack. is that a crack? >> few seemed concerned until -- >>...
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Nov 28, 2012
11/12
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so it was a lack of progress on fiscal cliff talks that stalled stocks tuesday. so today we'll have to see what happens when goldman sachs ceo lloyd blankfein, brian roberts, and marissa mayer jin other corporajoin other corporate execs at a meeting with the president. >>> the beige book survey will be released. the best consumer confidence reading in nearly five years took investors by surprise yesterday. green mountain coffee perked up more than 20%. elsewhere, monster beverage got a boost from news that the fda is taking a closer look at the health effects of energy drinks. investors are betting a looming crack down on the industry may be overblown. >>> in the wake of apple's recent apology for the failings of its mapping app, a second employee has reportedly been fired. >>> more than 15,000 of these step 2 children's riding toys are being recalled because kids who lean too far forward on the seat can go over the handle bar. >>> consumer reports is out with its third annual naughty and nice list and it was nordstrom and kohl's that got thumbs up thanks to thei
so it was a lack of progress on fiscal cliff talks that stalled stocks tuesday. so today we'll have to see what happens when goldman sachs ceo lloyd blankfein, brian roberts, and marissa mayer jin other corporajoin other corporate execs at a meeting with the president. >>> the beige book survey will be released. the best consumer confidence reading in nearly five years took investors by surprise yesterday. green mountain coffee perked up more than 20%. elsewhere, monster beverage got a...
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Nov 27, 2012
11/12
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we're not talking about turkey. we're talking about the fiscal cliff. one of the urgent matters this lame duck congress needs to address before the end of the year and even though the tax increases are going to take effect in 36 days, there's still only talk of a compromise, so can congress actually walk the walk or are we going to go off this cliff? it is a very real risk, everyone. up next, mike lee of utah. really appreciate you taking the time. you wrote an op-ed in the washington times and said quote, delaying significant fiscal restraint will send the wrong signal and may serve as taping point for our economy. so you're fear is that interest rates could surge. to be father, we've had this disastrous situation for years and interest rates have kept falling in spite of all worries that there would be a disaster. >> that's right. that's one of the things that distinguishes the fiscal cliff, which we're coming up against right now. from what i described yesterday in my editorial in the washington times, the fiscal avalanche. we can see when the fiscal
we're not talking about turkey. we're talking about the fiscal cliff. one of the urgent matters this lame duck congress needs to address before the end of the year and even though the tax increases are going to take effect in 36 days, there's still only talk of a compromise, so can congress actually walk the walk or are we going to go off this cliff? it is a very real risk, everyone. up next, mike lee of utah. really appreciate you taking the time. you wrote an op-ed in the washington times and...
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Dec 2, 2012
12/12
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FOXNEWSW
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cliff talks. in two huge interviews on "fox news sunday" today. chris wallace sitting down for exclusive interview with republican house speaker john boehner. he also got the white house position from treasury secretary tim geithner. >> i would say we're nowhere, period. we're nowhere. we put a serious offer on the table to put the re-knews up there to get the question resolved and the white house responded with virtually nothing. they actually asked for more revenue than they have had for the entire time. >> you heard them for the first time in two decades, acknowledge they are willing to have revenues go up as the balance plan. that is to good first step but they have to tell us what they want to do on rates and re-knews. that is hard for republicans and we understand that. but there is no way without that. they have to tell us on the spending time what they want to do go beyond and what makes sense to them. >> jamie: joining me now the anchor of "fox news sunday," chris wallace. good morning. >
cliff talks. in two huge interviews on "fox news sunday" today. chris wallace sitting down for exclusive interview with republican house speaker john boehner. he also got the white house position from treasury secretary tim geithner. >> i would say we're nowhere, period. we're nowhere. we put a serious offer on the table to put the re-knews up there to get the question resolved and the white house responded with virtually nothing. they actually asked for more revenue than they...
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Nov 30, 2012
11/12
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fiscal cliff talks going nowhere. the president hits the road today selling a plan that includes $1.6 trillion in tax hikes and $50 billion in stimulus spending. you can imagine what republicans thought about that. they are balking at the very least. house speaker john boehner telling reporters the president needs to, quote, get serious on spending cuts. out of nowhere the earth collapsed. a giant sinkhole has developed near dover, ohio, south of cleveland. local residents cannot believe their eyes by how big this thing is. it happened wednesday afternoon. taking part of a two-lane highway down with it. fortunately no one's been injured. >>> wow. exciting discovery on the planet mercury. ice. na nasa's messenger probe discovering frozen water. it's mostly found in deep craters that are always in the shadows. scientists believe the water almost certainly came from impacting comets or asteroids. >>> 30 years ago today, back in 1982, michael jackson released "thriller" an album that changed the music business and cemente
fiscal cliff talks going nowhere. the president hits the road today selling a plan that includes $1.6 trillion in tax hikes and $50 billion in stimulus spending. you can imagine what republicans thought about that. they are balking at the very least. house speaker john boehner telling reporters the president needs to, quote, get serious on spending cuts. out of nowhere the earth collapsed. a giant sinkhole has developed near dover, ohio, south of cleveland. local residents cannot believe their...
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Nov 21, 2012
11/12
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. >> talking about the fiscal cliff and everyone is talking about it including the u.s. federal reserve chairman ben bernanke. he warned the imminent fiscal cliff poses a stashlg threat to the nation's economy and does say cooperation to resolve budget worries could boost u.s. growth. >> the realization of all of the automatic tax increases and spending cuts that make up the fiscal cliff ab isn't offsetting changes would pose a substantial threat to the recovery. >> the central bank chief urged the government and congressional leaders to take prompt action. president obama is negotiating for a resolution with republicans but bernanke says delays in reaching an agreement would raise uncertainty over the u.s. economic outlook. he added avoiding a fiscal cliff is essential for the american economy. bernanke says a plan for resolving the nation's longer term budgetary issues without harming recovery could make 2013 a very good year for americans. japan's trade balance for october sank into the red for a fourth straight month. exports plunged due to a slowdown in the global e
. >> talking about the fiscal cliff and everyone is talking about it including the u.s. federal reserve chairman ben bernanke. he warned the imminent fiscal cliff poses a stashlg threat to the nation's economy and does say cooperation to resolve budget worries could boost u.s. growth. >> the realization of all of the automatic tax increases and spending cuts that make up the fiscal cliff ab isn't offsetting changes would pose a substantial threat to the recovery. >> the...
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Nov 29, 2012
11/12
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james carney said the president is now open to spending cuts being part of the fiscal cliff talks. yesterday, the president suggested the tax changes now can be done and spending changes next year and the republicans say, not so were. second, a phone call teen the -- between the president and speaker boehner and carney said the president laid out any deal has to have an increase in tax rates but he would not be specific suggesting there is flexibility. the top rate does nut have to be 39.6 back from clinton, but something to get a deal jump started. mitt romney was here for lunch the first meeting since after the election and it was awkward and the menu included turkey chili and a white house readout said they promised to "keep in touch" if the opportunity arises where their interests intersect, maybe another way of saying not so much. >>neil: turkey chili. >>guest: healthy. >>neil: it is. and you are healthy. they are not close to a deal? they aren't close to a deal? what is the deal? we don't know. when we get a deal, and they will, it will be because of something we don't see, n
james carney said the president is now open to spending cuts being part of the fiscal cliff talks. yesterday, the president suggested the tax changes now can be done and spending changes next year and the republicans say, not so were. second, a phone call teen the -- between the president and speaker boehner and carney said the president laid out any deal has to have an increase in tax rates but he would not be specific suggesting there is flexibility. the top rate does nut have to be 39.6 back...
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Dec 20, 2012
12/12
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KRCB
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fiscal cliff crisis and the republicans and democrats talks between the republicans to avert still not making much progress. president obama has rm asked to make further compromising. >> i have gone at least halfways in meeting some of the republicans concerns. what separates us is $100 milli million. >> the white house presented a comprose plan earlier is week oba'srigillan was to impose tax increases for the wealthy who make $250,000 or more a year. now he raised the threshold to $400,000 or more. republicans represented by house speaker john boehner presented a counteroffer. they're asking to review medical and pension spending. they will pass the bill as early as thursday. it will include tax breaks for the middle class and make the tax increases with an annual income of $1 million or more. >>> you've heard people in the financial markets talk a lot about the fiscal cliff. that's because if the u.s. economy falls off this cliff, ripple effects are expected. >> reporter: the term fiscal cliff has been making headlines recently. if democrats and republicans cannot come to an agreemen
fiscal cliff crisis and the republicans and democrats talks between the republicans to avert still not making much progress. president obama has rm asked to make further compromising. >> i have gone at least halfways in meeting some of the republicans concerns. what separates us is $100 milli million. >> the white house presented a comprose plan earlier is week oba'srigillan was to impose tax increases for the wealthy who make $250,000 or more a year. now he raised the threshold to...
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Dec 11, 2012
12/12
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FBC
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john boehner taking fiscal cliff talks and that is raising hopes among traders. cheryl: we are going to take a look at what is beyond the fiscal cliff even of washington save the country from going over that cliff we have a stock panel that has lots of worries and a bit of hope that. dennis: which makes some buzz codes when the dow is up 111. michigan's capital and besieged as protests over the right to work legislation has taken an ugly turn. we are live. cheryl: never know what is going to happen with jeff flock covering that story. we're coming up on the top of the hour. stocks every 15 minutes and nicole petallides on the floor of the stock exchange with a nice triple digit gain. nicole: what a gain on wall street. we have three straight weeks of gains to new recent highs. looking at 13,300 on the dow jones industrial, that is good and the s&p 500 calm, holding above the 1400 mark. they were worried when we were breaking down below and we are continuing the trend to the upside. one of the reasons is europe, europe has been a break out and the dollar has been
john boehner taking fiscal cliff talks and that is raising hopes among traders. cheryl: we are going to take a look at what is beyond the fiscal cliff even of washington save the country from going over that cliff we have a stock panel that has lots of worries and a bit of hope that. dennis: which makes some buzz codes when the dow is up 111. michigan's capital and besieged as protests over the right to work legislation has taken an ugly turn. we are live. cheryl: never know what is going to...
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Dec 12, 2012
12/12
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coming up, the confusion over what's really going on with the fiscal cliff talks. our first read team said just look at the headlines. senior political editor mark murray joins me live. which of the headlines does he believe is more accurate. check out the "news nation" tumbler page and you will find behind the scenes pictures. i guess we took this to mark 12-12-12 and we do you wanted hospital. maybe some of us will go to the concert to help sandy relief. 12-12-12. new trident layers juicy berry + tangy tangerine is a thrilling, dual-flavored ride to mouth fun-town. but it's not like everyone is going to break into a karaoke jam session. ♪ this will literally probably never happen. ♪ ♪ i want candy ♪ ♪ i want candy time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly
coming up, the confusion over what's really going on with the fiscal cliff talks. our first read team said just look at the headlines. senior political editor mark murray joins me live. which of the headlines does he believe is more accurate. check out the "news nation" tumbler page and you will find behind the scenes pictures. i guess we took this to mark 12-12-12 and we do you wanted hospital. maybe some of us will go to the concert to help sandy relief. 12-12-12. new trident layers...
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Dec 20, 2012
12/12
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house speaker john boehner is talking about his plan to avoid going over the fiscal cliff. he's walking away. it's part of the public campaign from both sides here to push for their own plans. they're trying to avoid massive tax increases and severe cuts that are expected to go into effect at the beginning of next year if somehow the house and senate and white house do not come up with some sort of agreement, a budget agreement. we're still watching negotiations play out. we know the house speakerer has an alternative plan he's presenting he'll put forward to members later today, and we have heard that the president will, in fact, veto that. so at this point we are slimpl a at a standstill. have more as it develops. cadets at this country's elite military schools are reporting that there are now more sexual assaults. we are talking about west point, the air force academy, and annapolis. that is according to a new pentagon report released today. barbara starr has the story. >> reporter: kacarly marquette dreamed of going to west point. it was a nightmare. >> i remember him t
house speaker john boehner is talking about his plan to avoid going over the fiscal cliff. he's walking away. it's part of the public campaign from both sides here to push for their own plans. they're trying to avoid massive tax increases and severe cuts that are expected to go into effect at the beginning of next year if somehow the house and senate and white house do not come up with some sort of agreement, a budget agreement. we're still watching negotiations play out. we know the house...
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Dec 13, 2012
12/12
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of the fiscal cliff talks in answer to a question. >> how are you feeling about a deal? optimistic? >> still a work in progress. >> he said it's a work in progress. coming up next, it's all about hillary, but, first, sir paul mccartney paying tribute to hurricane sandy. first responders. while rocking the 12-12-12 benefit concert. ♪ remember, we're playing to lose. i thought we won at everything? by losing, we win. win what? business. and cdw designs technology solutions that keep us winning. they set us up to win. while you... ...set us up to lose. oh, a classic win-lose-win situation. exactly. >> i really don't believe that that's something i will do again. >> you know your husband wants you to run in 2016. what do you say to him? >> he wants me to do what i want to do, and he has made that very clear, and some of what i want to do is just kick back. stoo kick back. will she or won't she? no two political figures are more popular in our new nbc news-wall street yurnl poll than bill clinton and hillary clinton. bill clinton has a magic 60% approval rating. secretary c
of the fiscal cliff talks in answer to a question. >> how are you feeling about a deal? optimistic? >> still a work in progress. >> he said it's a work in progress. coming up next, it's all about hillary, but, first, sir paul mccartney paying tribute to hurricane sandy. first responders. while rocking the 12-12-12 benefit concert. ♪ remember, we're playing to lose. i thought we won at everything? by losing, we win. win what? business. and cdw designs technology solutions...
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Dec 12, 2012
12/12
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CNNW
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more fiscal cliff talks between president obama and house speaker john boehner. what could this mean for the deadline as it approaches? the story, coming up. they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting decongestant to relieve your stuffy nose. [ sighs ] thanks! [ male announcer ] you're welcome. that's the cold truth! [ male announcer ] alka-seltzer plus. ♪ oh what a relief it is! ♪ [ male announcer ] to learn more about the cold truth and save $1 visit alka-seltzer on facebook. [ male announcer ] to l
more fiscal cliff talks between president obama and house speaker john boehner. what could this mean for the deadline as it approaches? the story, coming up. they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd. i have a...
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Dec 4, 2012
12/12
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CNBC
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fiscal cliff talks set to drag ons as budget proposal by republicans dismissed by the white house. banking union talks taking central stage in brussels. finance ministers trying to find a deal. and australia central bank has cut interest rates to its lowest level since the financial crisis. how? cdw and hp networking implemented a virtual application network that reduces the time to deploy cloud applications from months to minutes. with fewer bottlenecks like this. finally. charles! client golf. aim for the lake. really? can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. . >>> jpmorgan says mr. bieber is welcome to play ping-pong anytime. and if you're looking for the city with the best quality of living in the world, then what you need to do is go to vienna. this according to mercer. just published its quality of life survey as zurich landed the number two spot. baghdad ranked last because of security and political inst
fiscal cliff talks set to drag ons as budget proposal by republicans dismissed by the white house. banking union talks taking central stage in brussels. finance ministers trying to find a deal. and australia central bank has cut interest rates to its lowest level since the financial crisis. how? cdw and hp networking implemented a virtual application network that reduces the time to deploy cloud applications from months to minutes. with fewer bottlenecks like this. finally. charles! client...
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Dec 1, 2012
12/12
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fiscal cliff talks are they a nonstarter? >> i tell you, you listen to everything that is being said publicly. you see the president there. it's clear that the election, yes, is over. but the campaign goes on here. you know, i really believe that there two things that are clear from the white house to republicans. we are still in preliminary stages here, which is the good news, considering they are far apart. number two, the white house clearly feels it has the upper hand. it came with the $1.6 billion in new revenues and that's twice what the president was talking about before the election. republicans, obviously, rejecting it out of hand. we all heard by now republican leader in the senate mitch mcconnell laughed at it. there you see some of the provisions there. $600 billion in savings. some of it from medicare, another 50 billion in spending and new spending on infrastructure and stimulus spending. that's something that republicans aren't going to want to go to. the two sides are far apart. here we are on december 1st, th
fiscal cliff talks are they a nonstarter? >> i tell you, you listen to everything that is being said publicly. you see the president there. it's clear that the election, yes, is over. but the campaign goes on here. you know, i really believe that there two things that are clear from the white house to republicans. we are still in preliminary stages here, which is the good news, considering they are far apart. number two, the white house clearly feels it has the upper hand. it came with...
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Dec 26, 2012
12/12
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FOXNEWSW
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cliff talks next week. >> time now to entertain this. it is official jessica simpson expecting another baby. the 32-year-old celebrity tweet add photo of her daughter sitting in front of a sign drawn in the sandwich says big sis. cute little girl isn't she? the announcement comes 7 months after giving birth to that little girl her first child. it has been a good year for hollywood 2012 marched through the industry's highest year on record for 1 billion in ticket sales. is rock and roll hazardous to your health? it might be. you to those playing it. researches in inge lantd studying more than 1500 musicians famous between 1956 and 2006. they found 137 of nthem or 9.2 percent of them were dead. that is a higher mortality rate than those in the general population. >> time to look at the sports stories new season but same results. lebr lebron james and the heat. suddenly the lashgs can't lose. 194 for the fourth straight win. they are back for 500 for the season. kobe bryant a record for the 16th christmas day game. heartwarming video of an
cliff talks next week. >> time now to entertain this. it is official jessica simpson expecting another baby. the 32-year-old celebrity tweet add photo of her daughter sitting in front of a sign drawn in the sandwich says big sis. cute little girl isn't she? the announcement comes 7 months after giving birth to that little girl her first child. it has been a good year for hollywood 2012 marched through the industry's highest year on record for 1 billion in ticket sales. is rock and roll...
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360
Dec 31, 2012
12/12
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KGO
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eye 360
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talks continue through the night ahead of that looming fiscal cliff deadline. the sticking points are still the same. the white house wants taxes to go up on those making over $250,000 a year. republicans want a higher income tax threshold. republicans want to keep the estate tax from going up. and there's no agreement on what to do about automatic spending cuts. those are set to go into effect on january 2. >>> now to a deadly bus crash on a slick highway in eastern oregon. a tour bus careened off an icy section of interstate 84 yesterday morning and tumbled down a steep embankment, killing 9 and injuring more than 20 others. the bus was traveling to vancouver from las vegas. the driver survived but was too badly hurt to speak with police. >>> here is your new year's eve forecast. up to a foot of mountain snow in the southern rockies. 5 inches from kansas to southern illinois. thunderstorms from much of texas, oklahoma city, little rock and memphis. rain and mountain snow in the pacific northwest. flurries from michigan to northern new england. >> chilly from
talks continue through the night ahead of that looming fiscal cliff deadline. the sticking points are still the same. the white house wants taxes to go up on those making over $250,000 a year. republicans want a higher income tax threshold. republicans want to keep the estate tax from going up. and there's no agreement on what to do about automatic spending cuts. those are set to go into effect on january 2. >>> now to a deadly bus crash on a slick highway in eastern oregon. a tour bus...
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Nov 28, 2012
11/12
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FOXNEWSW
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suggesting he and lawmakers come up with spending cuts next year after they avoid the fiscal cliff, by extending middle class tax cuts and raising taxes on the rich. >> it would give us more time than next year to work together. on a comprehensive plan to bring down the deficit, streamline our tax system. do in a balanced way. >> the president apparent shift away from spending and tax altogether now in a big deal could increase the chances of a market rattling fall off the cliff. since the republicans want spending cuts included. >> republicans are willing to put revenue on the table. but it's time for the president and democrats to get serious about the spending problem that our country has. >> the president's move came one day after two other big developments, suggesting democrats want tax hikes on the rich now, with the promise of cuts to programs like medicare later. on tuesday, senator dick durbin flatly declared entitlement reform should not be on the table. yesterday, top white house officials also met with leading liberal groups, from labor unions to moveon.org. with one attend
suggesting he and lawmakers come up with spending cuts next year after they avoid the fiscal cliff, by extending middle class tax cuts and raising taxes on the rich. >> it would give us more time than next year to work together. on a comprehensive plan to bring down the deficit, streamline our tax system. do in a balanced way. >> the president apparent shift away from spending and tax altogether now in a big deal could increase the chances of a market rattling fall off the cliff....
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Dec 31, 2012
12/12
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KTVU
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. >> plus taking on washington and we'll have the latest on the fiscal cliff talks. we'll see you bag -- back here at 10:00
. >> plus taking on washington and we'll have the latest on the fiscal cliff talks. we'll see you bag -- back here at 10:00
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Dec 13, 2012
12/12
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CNNW
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. >>> let's talk fiscal cliff for a moment. it's getting closer, but the deal still doesn't seem all that close. president obama, congressional republicans seem to be digging in on taxes. a new wall street journal/nbc poll shows an overwhelming majority of americans are siding with the president on this one. republicans polls, a majority now favoring compromise. white house correspondent brianna keilar is following some of these negotiations for us. 19 days and counting. how is it feeling? >> reporter: right now it's not going well, at least that's what you get when you listen to house speaker john boehner talk about conversations with the president. they are talking, soledad. the staff of both the white house and house republicans are in touch, but speaker boehner said about his sunday conversation with president obama that it was cordial, and then he said about his tuesday conversation with the president that it was deliberate and frank. so you -- it doesn't take too much to read between the lines there to show you that thing
. >>> let's talk fiscal cliff for a moment. it's getting closer, but the deal still doesn't seem all that close. president obama, congressional republicans seem to be digging in on taxes. a new wall street journal/nbc poll shows an overwhelming majority of americans are siding with the president on this one. republicans polls, a majority now favoring compromise. white house correspondent brianna keilar is following some of these negotiations for us. 19 days and counting. how is it...
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Nov 17, 2012
11/12
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KBCW
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eye 157
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. >> the first public gathering of the men and women who must resolve the fiscal cliff. there is reneweded talk of a so -- renewed talk of a grand bargain >> i think we're all talk of a so -- renewed talk of a grand bargain >> i think we're all aware that we have some business to do. >> reporter: they are willing to put their own sacred cows on the line to get a deal and calm jittery financial marketings. >> to show our seriousness, we've put revenue on the table as long as it's accompanied by significant spending cuts. >> reporter: john boehner proposed that leaders establish a framework in the next six weeks for widescale reform of the tax code, medicare and social security in 2013. the goal would be to set specific targets now for savings for those reforms. that would negate the need for deep spending cuts that are set to kick in on january 1st. >> take some deep breaths. >> reporter: while democrats balk at any intention of entitlement reform, nancy pelosi signals a new openness >> do we want to have saves from everything that we do? certainly. we need revenue, savin
. >> the first public gathering of the men and women who must resolve the fiscal cliff. there is reneweded talk of a so -- renewed talk of a grand bargain >> i think we're all talk of a so -- renewed talk of a grand bargain >> i think we're all aware that we have some business to do. >> reporter: they are willing to put their own sacred cows on the line to get a deal and calm jittery financial marketings. >> to show our seriousness, we've put revenue on the table...
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Dec 3, 2012
12/12
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FOXNEWSW
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both parties taking to the airwaves this weekend, trying to blame each other over the fiscal cliff talk. this is all happening less than a month until accommodation of spending cuts and tax hikes kicks in. right now, it seems like both sides are moving further apart from the deal. here is house speaker john boehner and treasury secretary timothy geithner. >> we are flabbergasted. we have seven weeks between election day in the end of the year. three of those weeks have been wasted. >> we are not going to extend an extension of the tax rates. we think they need to go back to those levels. if you don't do that, you have to ask yourself, whose taxes are we going to raise? were we going to find the money bring a balanced plan in place? jenna: senator lindsey graham, a republican known for reaching across the aisle, not looking at this with a great deal of optimism. >> i think we're going over the fiscal cliff. it's pretty clear that they have made this happen. they are not saving social security and medicare and medicaid from imminent bankruptcy. jenna: james is live in washington with more
both parties taking to the airwaves this weekend, trying to blame each other over the fiscal cliff talk. this is all happening less than a month until accommodation of spending cuts and tax hikes kicks in. right now, it seems like both sides are moving further apart from the deal. here is house speaker john boehner and treasury secretary timothy geithner. >> we are flabbergasted. we have seven weeks between election day in the end of the year. three of those weeks have been wasted....
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Dec 18, 2012
12/12
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KCSM
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as the clock ticks away on the fiscal cliff, we're seeing some signs of concessions between republicans and democrats. president obama and john boehner met again the white house. they are aiming to reach an agreement on tax hikes for the wealthy. the meeting comes after the republicans propose a compromise over the weekend. they reportedly offer to agree to a higher tax rate for the rich but only for those with an annual income of a million dollars or more and that's in the democrats agree to reduce spending on health care and pension. men while democrats continue to demand a tax rise for people making at least $250,000 a year. >> an important element of that on the revenue side is allowing current law when it comes to the top 2% to remain in place which see rates on those wealthy americans rise. >> jay carney also said they will continue to negotiate with boehner and other congress members in a search for compromise. let's get your check on stops. the nikkei is trading at 9,911. that's up 8% from monday's close. some stocks are falling on profit taking. the yen is trading in a narrow r
as the clock ticks away on the fiscal cliff, we're seeing some signs of concessions between republicans and democrats. president obama and john boehner met again the white house. they are aiming to reach an agreement on tax hikes for the wealthy. the meeting comes after the republicans propose a compromise over the weekend. they reportedly offer to agree to a higher tax rate for the rich but only for those with an annual income of a million dollars or more and that's in the democrats agree to...
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Dec 13, 2012
12/12
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CNNW
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cliff. the warning comes after president obama talked with boehner last night on the phone. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say he couldn't be president because of his weight. he pushed back at his critics in an interview with abc's barbara walters. the republican governor is rumored to be considering a bid for the white house in 2016. >>> and, anderson, pope benedict xvi blessed his internet followers in his first tweet today. the pontiff has nearly 1 million followers on this english twitter page alone. and has many other accounts in several other languages. some say he is the coolest pope in history. >> isha, thanks very much. >>> a former u.s.afghanistan. now, his parents fear he may die in a mexican prison. they're pleading for his safe return after what began as a surfing trip, it's turned into a nightma nightmare. w? >>> a new twist in the biza
cliff. the warning comes after president obama talked with boehner last night on the phone. sources say it was a tense conversation. experts warn of a new recession if a deal can't be reached in 20 days. >>> new jersey governor chris christie says it's ridiculous to say he couldn't be president because of his weight. he pushed back at his critics in an interview with abc's barbara walters. the republican governor is rumored to be considering a bid for the white house in 2016....
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before we get to fiscal cliff, let's talk a little bit about syria. there are now reports that they may be loading the components that would make up sarin gas. and i'm curious to know and i think a lot of people are watching this, does this mean that we are headed, the united states is headed into military action considering what we know about the red line, if you will, that hillary clinton laid out pretty clearly? >> it was very important for her to draw a very clear line. because any use of chemical weapons has to be responded to internationally. i'm sure the secretary of state is immersed with russia right now, is in negotiations with russia for a united front against this absolutely unacceptable possibility. >> okay. so she's laid that out. but then the next step, of course, if, in fact, they're putting together the components that create sarin gas and they're leading these into weapons, are we going to war insider to stop this? the united states. >> i think that the u.s. is going to be laying out a series of actions in partnership with some other
before we get to fiscal cliff, let's talk a little bit about syria. there are now reports that they may be loading the components that would make up sarin gas. and i'm curious to know and i think a lot of people are watching this, does this mean that we are headed, the united states is headed into military action considering what we know about the red line, if you will, that hillary clinton laid out pretty clearly? >> it was very important for her to draw a very clear line. because any...
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Dec 2, 2012
12/12
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CNNW
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fiscal cliff talks are turning into a high-stakes game of chicken. secretary tim geithner said there's no deal unless republicans agree to raise taxes on the wealthy. >> if they are going to force higher rates on virtually all americans because they are unwilling to let tax rates go up on 2% of americans, then that's the choice we'll have to make. >> republicans are furious. they don't like democrats drawing a red line in the sand. >> i think we are going over the cliff. it is pretty clear to me they made a political calculation. >> president barack obama and gop leaders held one face to face meeting on the fiscal cliff since the election. that meeting took place more than two weeks ago. >>> the kansas city chiefs suited up and took the field today against carolina. that's despite the shock and horror of yesterday's suicide of linebacker jevon belcher. stay right there with full details in a full report on cnn in just a minute. >>> high winds and heavy rain are pummeling the northwest. the rainfall will continue throughout the day. some places have a
fiscal cliff talks are turning into a high-stakes game of chicken. secretary tim geithner said there's no deal unless republicans agree to raise taxes on the wealthy. >> if they are going to force higher rates on virtually all americans because they are unwilling to let tax rates go up on 2% of americans, then that's the choice we'll have to make. >> republicans are furious. they don't like democrats drawing a red line in the sand. >> i think we are going over the cliff. it is...
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749
Dec 31, 2012
12/12
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KRON
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cliff and last-minute talks are currently under way. bart and muni are helping the year's eve party years get around today. will tran as more info for you. >> it is cold right now and temperatures are going to drop once again while everyone is celebrating year's eve. but a good thing it is dry but by 8:00 p.m. we will see a wide range of 40's. bringing in the new year and welcoming the 2013 we are talking mid 30's and land. it will be chilly so dress in layers. we'll have mostly sunny skies aclear skiess perfect for the fireworks. 32 currently and concord and i will have a look at where the numbers will head into the afternoon coming up in my next report. >> we have a couple of accidents this morning in different locations resulting in ice on the roadway. the east bay on some palo damn road and around the bay we have been looking extremely light traffic this morning. lighter than this monday been other days last week. >> the clock is ticking at the end of 2012 and workers and sampras is go are working to get everything in place for the
cliff and last-minute talks are currently under way. bart and muni are helping the year's eve party years get around today. will tran as more info for you. >> it is cold right now and temperatures are going to drop once again while everyone is celebrating year's eve. but a good thing it is dry but by 8:00 p.m. we will see a wide range of 40's. bringing in the new year and welcoming the 2013 we are talking mid 30's and land. it will be chilly so dress in layers. we'll have mostly sunny...
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Nov 30, 2012
11/12
by
KGO
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so much for that brief burst of optimism in washington over the fiscal cliff talks. now republicans and democrats can't even agree on where things stand. >> no substantive progress has been made in the talks. >> and you know there is progress. >> treasury secretary tim geithner sat down with bipartisan congressional leaders to keep pushing for a deal. a top boehner aide said the plan geithner presented is, quote, completely unrealistic. and a top democratic aide said republicans have taken to screaming at them. if no action is taken by december 31st, 650 billion in cuts to the pentagon and domestic programs and tax increases automatically go into effect. after the meeting, the finger-pointing came quickly. republicans say democrats aren't bringing to the table a plan that include significant cuts to medicare and entitlement programs. >> revenue was only on the table. if they were serious. spending cuts. >> the white house drew its own line in the sand and said tax rates must go up on the top earners, but -- >> the middle-class tax cut should be made permanent. >> pre
so much for that brief burst of optimism in washington over the fiscal cliff talks. now republicans and democrats can't even agree on where things stand. >> no substantive progress has been made in the talks. >> and you know there is progress. >> treasury secretary tim geithner sat down with bipartisan congressional leaders to keep pushing for a deal. a top boehner aide said the plan geithner presented is, quote, completely unrealistic. and a top democratic aide said...
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Nov 29, 2012
11/12
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KTVU
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. >> and the point man for the obama administration in fiscal cliff talks, what he is doing today. n every time someone chooses finish over cascade, it sparks a movement. because people can't keep it to themselves. look ! no ugly spots ! awesome! incredible shine. i'm switching for good. love, love, love finish! over a million people have switched to finish. visit us on facebook. . >>> cloudy, breezy and mild upper 50s on the lows, we will see mid60s. if we got any sun it would feel tropical. rain moves back in later this afternoon and evening . >> steve time is now 8:14. next month cosco will spend $3 billion to pay a special 7- dollar dividend to share holders. they want to make the pay out before the higher tax rates may kick in this case congress and the white house can't reach a budget compromise. other companies including tyson foods and wind resorts have announced similar moves. there are reports apple is considered doing the same thing but of course apple has made no comment yet. >> the president is sending the treasurey secretary to capitol hill for fiscal cliff talks with
. >> and the point man for the obama administration in fiscal cliff talks, what he is doing today. n every time someone chooses finish over cascade, it sparks a movement. because people can't keep it to themselves. look ! no ugly spots ! awesome! incredible shine. i'm switching for good. love, love, love finish! over a million people have switched to finish. visit us on facebook. . >>> cloudy, breezy and mild upper 50s on the lows, we will see mid60s. if we got any sun it would...
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Nov 19, 2012
11/12
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CNBC
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cliff scenario, if we see productive talks continuing. right now we're seeing the yield on on the ten year bund just a little bit higher. we're seeing a bit of buying taking place in the spanish and italian debt market on the ten year and a little bit of selling on on the gilt. the currency markets just to give you a full update on where we are, we have a relatively flat on slightly higher euro-dollar. so we're in the lower end of that range still that we've been trading in for quite some time right now. so that's what we're looking at. let's check in on the markets in asia. >> most asian markets finished in the green. optimism that the u.s. lawmakers will clinch a deal on the looming fiscal cliff.nikkei 225 closed at a two month high on hopes that the country's key opposition party will return to you power. more on that from our nikkei reporter coming up. exporter stocks gapded on the back of a weak yen. currency hits a seven month low. elsewhere lack of policy direction weighed on chinese stocks. the shanghai composite touched its lowes
cliff scenario, if we see productive talks continuing. right now we're seeing the yield on on the ten year bund just a little bit higher. we're seeing a bit of buying taking place in the spanish and italian debt market on the ten year and a little bit of selling on on the gilt. the currency markets just to give you a full update on where we are, we have a relatively flat on slightly higher euro-dollar. so we're in the lower end of that range still that we've been trading in for quite some time...
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Nov 28, 2012
11/12
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KPIX
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well, lack of progress on "fiscal cliff" talks in the u.s. sent asian markets lower this morning. tokyo's nikkei loss more than 1% hitting a one week low while hong kong's hang seng fell about .5%. >>> the deficit reduction talks weighed on wall street. the dow was down 89 yesterday while the nasdaq gave up 9. >>> retailers have a strong start to the holiday shopping season. according to shopper track, foot traffic was up more than 8% for the four-day weekend starting on thanksgiving. sales rose nearly 3% to $22 billion compared to last year. >>> and the surge in cyber monday shopping means big business for shippers. fedex says it expects to deliver 280 million packages during the holiday season. to handle the extra work, fedex has hired about 20,000 seasonal employees. guys, i got my first package yesterday on the front step and i had to run upstairs and hide it before anyone could see what it was. >> oh, nice. >> it begins. >> it does. >> are you a big adele fan? >> yes. i am a big adele fan and apparently she's doing pretty good right now. according to nielsen soundscan, her so
well, lack of progress on "fiscal cliff" talks in the u.s. sent asian markets lower this morning. tokyo's nikkei loss more than 1% hitting a one week low while hong kong's hang seng fell about .5%. >>> the deficit reduction talks weighed on wall street. the dow was down 89 yesterday while the nasdaq gave up 9. >>> retailers have a strong start to the holiday shopping season. according to shopper track, foot traffic was up more than 8% for the four-day weekend...
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Dec 31, 2012
12/12
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KTVU
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with the fiscal cliff talks. the markets will be closed tomorrow in the u.s.. ford says when all the numbers are tallied, 2012 will have been a good year. the country's second largest auto maker expects it sold 2.2 million vehicles this year. that would make it the second consecutive year it sold more than two million cars, trucks, and suvs. >>> time now 5:20. ready or not the new year means a new california sales tax. how you will feel it and the impact in your wallet. >>> why marin county drivers are being paid to change their morning commute. >>> don't forget you can wake up with ktvu every morning get the mornings top stories that developed while you were asleep sent straight to your cell phone every weekday morning at 6:00 a.m.. get your ktvu morning wake up call by texting the word wakeup to 70123. >>> welcome back. time now 5:23. new this morning some city employees in san rafael are being paid to car pool or use mass trap sit. starting tomorrow almost 370 employees will be paid to find eco friendly ways to get to work. employees who car pooled for at le
with the fiscal cliff talks. the markets will be closed tomorrow in the u.s.. ford says when all the numbers are tallied, 2012 will have been a good year. the country's second largest auto maker expects it sold 2.2 million vehicles this year. that would make it the second consecutive year it sold more than two million cars, trucks, and suvs. >>> time now 5:20. ready or not the new year means a new california sales tax. how you will feel it and the impact in your wallet. >>>...
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Nov 30, 2012
11/12
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CSPAN
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caller: well, you're talking about the fiscal cliff. that could be sucked out. $1.5 trillion out of our economy a year for oil and war. that's texas and virginia. texas and virginia is your war. now you're talking about taxes. if voted -- go to delaware. that's where all your tax shelters are and your credit card companies. a trillion dollars in credit card debt. now you go to the state of new york -- host: you're saying overall states are the problem? >> there's three states in this country that are responsible for 95%. you have the east coast jews. host: ok. wild and wonderful from twitter this morning, better the fiscal cliff than the one that could result from a compromise for compromise's sake. on the democrats line, hi. caller: thank you for taking my call. host: go ahead. caller: no problem. i just wanted to say that, you know, -- awful smart guy came one some pretty good ideas. i live in right-wing -- i mean, this is very republican and conservative area, here. and just about everybody i know , the republicans want to see taxes
caller: well, you're talking about the fiscal cliff. that could be sucked out. $1.5 trillion out of our economy a year for oil and war. that's texas and virginia. texas and virginia is your war. now you're talking about taxes. if voted -- go to delaware. that's where all your tax shelters are and your credit card companies. a trillion dollars in credit card debt. now you go to the state of new york -- host: you're saying overall states are the problem? >> there's three states in this...
WHUT (Howard University Television)
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205
Oct 11, 2012
10/12
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WHUT
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the americans can talk about what they're going to do to resolve the fiscal cliff, democrats or republicans. that's important, too. the japanese can talk about reform processes. that's really the most you can ask for in this environment this week. >> all right. as you can see their opinions here definitely spanning the spectrum. we'll have more of those opinions throughout the day. we'll be back here live at 8:00 japan time with the prospective from the g-7 finance ministers point of view and we'll have lots more. so do please stay with us here. >> all right. thank you very much. >>> and do come to our web site to see all the conversations ron and his team have had with top economists at the imf world bank meeting. the address is right there on the bottom of your screen. >>> now hardly any of the talks at this week's conference begins or ends without mention of europe's financial troubles. they seem to worse within each passing day. spanish leaders are facing even more complications. a u.s. credit ratings agency has downgraded the country's sovereign bonds putting them on the outskirts of j
the americans can talk about what they're going to do to resolve the fiscal cliff, democrats or republicans. that's important, too. the japanese can talk about reform processes. that's really the most you can ask for in this environment this week. >> all right. as you can see their opinions here definitely spanning the spectrum. we'll have more of those opinions throughout the day. we'll be back here live at 8:00 japan time with the prospective from the g-7 finance ministers point of view...
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Dec 30, 2012
12/12
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FOXNEWSW
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mitch mcconnell is asking vice president joe biden to get involved fiscal cliff talks. taxes on every american worker will go up if a deal is not reached. >> a judge ordered a psychiatric evaluation on a woman suspected of shoving a man to his death off a subway platform. >>> a fifth victim dies following a plane crash in moscow. investigators are trying to determine what caused it. >>> the senate has approved a $60.4 billion recovery package for areas hit by superstorm sandy. the bill heads to the house where the prospect for passing are no sure thing. moll y what's the holdup? the price tag. some house republicans say it's too steep and not offset by spending cuts. one south carolina republican congressman says he and others want to help the people hurt by sandy but lawmakers need to figure out where the money's going to come from. >> it's not paid for. i know that's a difficult conversation to have but it's a necessary conversation. if we can't come together and figure out a way to stop spending someplace else to pay for this, do we ever hope to balance or budget? >>
mitch mcconnell is asking vice president joe biden to get involved fiscal cliff talks. taxes on every american worker will go up if a deal is not reached. >> a judge ordered a psychiatric evaluation on a woman suspected of shoving a man to his death off a subway platform. >>> a fifth victim dies following a plane crash in moscow. investigators are trying to determine what caused it. >>> the senate has approved a $60.4 billion recovery package for areas hit by superstorm...
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these are headlines for tuesday december eleventh two thousand and twelve when talking about fiscal cliff solutions anti-tax advocate grover norquist we all know him he says nothing's changed from two years ago when president obama agreed to extend bush tax cuts for all. income is not strong there the argument to raise tax. says now it is not only better than it was two years ago. but does the government need to tax and borrow in order to spend or is the government actually less constrained in its spending than believed and do budget deficits matter much less right now than we may think well stephanie calton chair of the economics department at university of missouri kansas city and a subscriber of modern monetary theory is here to talk about just that plus the senate is reportedly looking at extending a two thousand and eight at the i.c.c. financial crisis measure that guarantees one hundred percent of all checking account bank deposits now the c b o estimates the f.d.a. as the does not collect enough fees to offset the risk exists as another subsidy for too big to fail banks we have a r
these are headlines for tuesday december eleventh two thousand and twelve when talking about fiscal cliff solutions anti-tax advocate grover norquist we all know him he says nothing's changed from two years ago when president obama agreed to extend bush tax cuts for all. income is not strong there the argument to raise tax. says now it is not only better than it was two years ago. but does the government need to tax and borrow in order to spend or is the government actually less constrained in...
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Dec 20, 2012
12/12
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CNNW
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stock futures are down this morning as fiscal cliff talks stall in washington. >> so here's the deal. you can see a delay in getting your tax refund next year unless congress moves on the fiscal cliff soon. this is going to hurt all of us. christine has details. >> we're already there. tax season starts in a couple weeks. you're going to start getting 1099s at the end of january and you have companies -- the government can't change in just one week or two weeks. if you're talking about having to make retro active tax changes, i mean it's really a mess. i want to talk about the amt in particular here. you know, the irs acting director warned congress about a real problem with not passing an amt patch. if the amt patch goes away, every year we patch this amt. amt was meant to make sure that rich people paid a minimum amount of tax now because of the way congress designed it in the infinite black wisdom. it gets middle class people every year. there is a patch to make sure you don't get slammed with amt. 30 million more people would pay the amt. 100 million tax refunds would be delayed.
stock futures are down this morning as fiscal cliff talks stall in washington. >> so here's the deal. you can see a delay in getting your tax refund next year unless congress moves on the fiscal cliff soon. this is going to hurt all of us. christine has details. >> we're already there. tax season starts in a couple weeks. you're going to start getting 1099s at the end of january and you have companies -- the government can't change in just one week or two weeks. if you're talking...
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elections, the fiscal cliff talks. >> and john, what is it going to be, cab driving or stock picking? >> both. the back heavy trade has been used. the face has been used. so, yeah, i'm not coming back, but hopefully it will be running parallel. >> arnab, staying out of stock picking for now? >> it's not my cup of tea. i would probably be better at driving a cab. >> i wouldn't, that's for sure. john walsh, winner of the trading academy. >>> moving on now, despite fiscal cliff uncertainty at the moment, asia could pick up two. europe will be lucky not to dip into recession, but generally speaking, the outlook for 2013 may be rosy. that's according to kevin gardener, head of investment global strategies. kevin, we've just been talking to people expressing concern about what the drivers are going to be of growth next year. what say you? >> no. that's a good question. and hold on just a second. i don't think we would describe it as positively rosy just yet. we're saying the storm clouds are lifting. as you're hinting, there are some big question marks are economic growth in 2013, particula
elections, the fiscal cliff talks. >> and john, what is it going to be, cab driving or stock picking? >> both. the back heavy trade has been used. the face has been used. so, yeah, i'm not coming back, but hopefully it will be running parallel. >> arnab, staying out of stock picking for now? >> it's not my cup of tea. i would probably be better at driving a cab. >> i wouldn't, that's for sure. john walsh, winner of the trading academy. >>> moving on now,...